Lee, Stella Wai Fun 李慧芬
Cheng Po Yuen, Yam Wai Man & Zenith CPA Ltd fined, and Cheng banned for 6 months
HKICPA, 16-May-2022
For bad audit work on Huarong International Financial (then known as Simesen International, 0993) in 2014 and 2015. This is the 3rd sanction in 4 years for both Zenith and Mr Cheng.
HKICPA, 16-May-2022
For bad audit work on Huarong International Financial (then known as Simesen International, 0993) in 2014 and 2015. This is the 3rd sanction in 4 years for both Zenith and Mr Cheng.
HKICPA fines Baker Tilly and Mr Au Yiu Kwan over 2006 Egana audit
| Our article, 26-Jul-2007
HKICPA, 27-Jun-2018
At last, 11 years after Webb-site blew the whistle on the Egana fraud in our article of 26-Jul-2007, Baker Tilly and its former director get a slap on the wrist and fines of HK$250k and HK$100k respectively for their duff audit. BT even tries to claim that it wasn't responsible for its directors' failings. The audit fee for that year alone was HK$1.47m, far more than the fines. Egana had a market value of HK$7.76bn (US$1bn) on the day of our article, all of which was lost in the collapse.
HKICPA, 27-Jun-2018
At last, 11 years after Webb-site blew the whistle on the Egana fraud in our article of 26-Jul-2007, Baker Tilly and its former director get a slap on the wrist and fines of HK$250k and HK$100k respectively for their duff audit. BT even tries to claim that it wasn't responsible for its directors' failings. The audit fee for that year alone was HK$1.47m, far more than the fines. Egana had a market value of HK$7.76bn (US$1bn) on the day of our article, all of which was lost in the collapse.
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